Frequent question: What business can a foreigner do in Thailand?

In general, foreigners in Thailand prefer to engage in four main types of businesses, namely manufacturing, trading, export, and services.

Can foreigners start business in Thailand?

Remember, foreigners are not allowed to own 100% shares of any business in Thailand, unless you are a US citizen which you can read more about below. The most popular way to start a business in Thailand is to register a business under a Thai person.

How much money do I need to start a business in Thailand?

As it currently stands, the minimum capital requirement for a Thai majority shareholder company (limited) is 2 million Baht, with a government set up fee of roughly 7,000 Baht. If you have a Thai spouse, this requirement is reduced to 1 million Baht.

How can a foreigner make money in Thailand?

Here’s an overview of the most common ways for foreigners to make money in Chiang Mai:

  1. Teaching English (or something else) …
  2. Working online: being a Digital Nomad. …
  3. Exporting / selling things on eBay. …
  4. Trading stock or foreign currencies. …
  5. Call center jobs. …
  6. Running a bar, restaurant, guesthouse / resort. …
  7. Renting out property.
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What is the most profitable business in Thailand?

Here is a list of 12 profitable businesses in Thailand that is worth considering for investment during 2020-2021.

  • Baby care. The global baby care industry is expected to increase at a rapid rate. …
  • Brewpub. …
  • Catering business. …
  • Delivery business. …
  • Digital Marketing. …
  • Driving School. …
  • Import and Export Business. …
  • Graphic Designing.

What is the best business in Thailand?

Top 10 Business Opportunities in Thailand

  • Translation Services Business. …
  • Create a Catering Company. …
  • Real Estate Company. …
  • Healthcare Services Business. …
  • Opening a Resort. …
  • Travel and Tour Companies. …
  • Automobile Rental Business. …
  • Jewelry Business.

Can I buy a business in Thailand?

Can a foreigner own a business in Thailand? Founding a business in Thailand may help a foreigner to live in Thailand, purchase property or simply to be working there. … Under normal circumstances, comparing to Western standards however, a foreigner cannot truly own a business in Thailand to a 100%, extent.

Can foreigners buy a property in Thailand?

Generally, foreigners are not allowed to directly purchase land in Thailand. Simply put, Thai laws prohibit foreigners from owning land in their own name, although theoretically there is an exception but it is yet to be seen in practice.

How can a foreigner register a company in Thailand?

Steps on How to Register a Thai Limited Company

  1. Step 1: Registering the Company Name. …
  2. Step 2: Filing the Memorandum of Association. …
  3. Step 3: The Statutory Meeting. …
  4. Step 4: Registration of the Company in Thailand. …
  5. Step 5: Register for VAT (Value Added Tax) and Income Tax.
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Is Thailand a good place to start a business?

The Wharton School of the University of Pennsylvania has ranked Thailand the best place in the world to start a business for the third year in a row in the 2019 version of the annual Best Countries Report co-published this week with U.S. News and World Report and BAV Group consultancy.

What jobs are in demand in Thailand?

12 Great Jobs for Foreigners in Thailand

  • Teaching. …
  • Mobile / Web Developer or Marketing Expert. …
  • Work Remotely for an Online Business. …
  • Real Estate Agent / Manager. …
  • Diving Instructor. …
  • Freelance Writer. …
  • Sell a Service on Fiverr. …
  • Work for a Multinational Company.

What is a good salary in Thailand?

Thailand has a salary range of 24,500 THB (734 USD) to 433,000 THB (12984 USD) in a month. And its average monthly salary is 96,900 THB (2904 USD). The country has a median salary of 103,000 THB per month, implying that 50% of the Thai population earns more than 103,000 THB, while the other 50% earns below 103,000 THB.

Where can I invest in Thailand?

Thailand’s Top Business and Investment Opportunities

  • Import and export company. …
  • Real Estate Company. …
  • IT Consulting Business. …
  • Translation Services. …
  • Catering Company. …
  • Digital marketing. …
  • Graphic design agency. …
  • Automobile rental business.

What products are in high demand in Thailand?

Also shown is the percentage share each product category represents in terms of overall imports into Thailand.

  • Electrical machinery, equipment: US$43.5 billion (20.8% of total imports)
  • Mineral fuels including oil: $28.8 billion (13.8%)
  • Machinery including computers: $26 billion (12.5%)
  • Vehicles: $9.5 billion (4.6%)
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What is the main business in Thailand?

Exports and tourism are the main drivers of Thailand’s growth. The tourism sector grew by 7.5% in 2018 while exports saw a 7.2% growth. Its key exports are automotive and electronic goods, as well as agricultural products such as rice, rubber, sugar and tapioca.

Is buying property in Thailand a good investment?

Purchasing Thailand property as an investment is also a good choice because the country has seen a steady increase in property prices as demand continues to stay strong. The country remains consistent in its development, with modern road networks and connections to main industrial and commercial centres.